Introduction
Credit assessment is a system that helps manage loans and credit by simplifying the application and approval process. It evaluates a customer's financial stability and risk before granting credit. By examining spending history, bank statements, and past credit records, it ensures responsible lending by assessing the customer's ability to repay and their financial behavior.
How it works
- Submission:
- You upload a bank statement from your dashboard for analysis and report generation.
- Webhook:
- You receives a webhook indicating the status of your upload
- Reports:
- Our AI processes your bank statement and generate various types of reports based on the processed data.
- Make Informed Decision 👌
- Based off the reports generated for you, you can make informed decision with regards to credit worthiness of a user. We also show credit risk score and bank statement validity score.
Reports
Reports that Sigma will generate from the bank statement:
Recent Transactions of the User
User’s Credit Summary
Spending Patterns/Categories
Transaction Location Data
Account Balance Summary
Credit History
- Past loan/credit received
- Defaults and payments
Credit Risk Percentage
Bank Statement Validity
Flow
